Personal Finance

Even Joe Scarborough, who according to the National Review's Elaina Plott has a "vehement" dislike of Marco Rubio, thinks there's nothing to the Florida Republican Senator's credit card issue. 

Promoting the new season of his ABC sitcom Last Man Standing, actor and Republican Tim Allen joined Thursday’s Hannity on Fox News Channel (FNC) to blast the federal government over reckless spending, the national debt, and a culture of political correctness that he tries to rebuke on the show where he plays “a very smart Archie Bunker.”

From its "Don't read this story, it's boring" headline to its obfuscating content, today's coverage at the Associated Press, aka the Administration's Press, of the Census Bureau's 2014 report on income and poverty in the United States was all about ensuring that readers know as little as possible about the declining incomes and disheartening increases in officially-defined poverty seen during the…

Shortly after its release this morning, Josh Boak at the Associated Press posted his coverage of the Census Bureau's August retail sales report. On a seasonally adjusted basis, August's sales came in a very mediocre 0.2 percent greater than July. It's almost too kind to say that Boak's writeup was delusional. The AP reporter celebrated "surges" in spending, "fed ... by solid and steady job gains…

At the Associated Press today, Christopher Rugaber appears to have played along with a game of make-believe in his coverage of the August release of the University of Michigan's Survey of Consumers. The index dropped for the second straight month, this time from 93.1 to 91.9, a point below August's prelimnary reading of 92.9. That trailed expectations that it would come in at 93.0. The survey's…

Several commenters at my econ-related posts during the past several months here at NewsBusters and my home blog have noted how Washington's mix of high deficits, over-regulation, and quantitative easing never seem to get any kind of blame for the economy in establishment press coverage. One could hardly find a better example of that deliberate avoidance than Josh Boak's writeup today at the…

On her MSNBC show on Wednesday, host Andrea Mitchell brought on Heather McGhee, president of the left-wing group Demos, to “sort all this out” when came to the debate over student loan debt in the 2016 race: “...student debt 101. The presidential candidates are put to the test on what to do about the rising cost of college.”

The New York Times reported last weekend that one line of attack American Crossroads and other Republican-leaning groups are likely to use against Hillary Clinton is that she’s far too wealthy to relate to average Americans. Regarding such criticism, Steve Benen says, in effect: Bring it on. Benen, a producer for MSNBC’s The Rachel Maddow Show and the primary writer for the TRMS blog, argued in…

All three major broadcast networks covered on their Thursday evening newscasts the June 2015 jobs report, but it was ABC’s World News Tonight that neglected provide any further details and/or context beyond the unemployment rate and number of jobs added and omitted how hourly wages remained flat and the labor force participation rate sunk to its lowest level in 38 years. While CBS and NBC…

There may no better illustration of how much harm the economy has inflicted on the American people during the Obama era than a March 2015 Harris survey commissioned by American Institute of Certified Public Accountants. The AICPA's Thursday press release reported that "a majority of American adults (51 percent) have delayed at least one important life decision in the last year due to financial…

Writing for Salon, political theorist Sean Illing dismissed wealthy people as entitled and vile, primarily using the California drought as an example. The headline of the article reads, ‘Rich people are the f**cking worst: The 1 percent’s vile new war on us all’. Illing started his piece with the ominous statement that rich people “rarely tell you how you how they really feel about poor people.” 

The hosts of Bloomberg’s With All Due Respect dove into the latest New York Times piece about 2016 Republican presidential candidate Marco Rubio on Tuesday and came away with the conclusion that the story concerning Rubio’s personal finances is both “dangerous” and “totally legitimate.” Halperin declared “The New York Times has shoved Marco Rubio down deep into the barrel” and gushed to John…

Jeremy Peters, the New York Times' designated critic of Republican presidential hopefuls, played the money card on Monday's front page, over a headline that reached back to the 2012 campaign: "G.O.P. Hopefuls Now Try to Woo the 47 Percent." In Peters' previous front-page stories on the GOP field, he has variously accused them of being ignorantly anti-science (in a misleading report on the…

All three major broadcast networks took time during their post-Oscars stories on Monday night to mention actress Patricia Arquette’s calls for “wage equality” and “equal rights for women,” but it was the CBS Evening News that went one step further by devoting a whole segment to the topic and used loaded statistics to craft a one-sided argument to prop up Arquette’s rant. Anchor Scott Pelley noted…